In the latest trading session, AGNC Investment (AGNC) closed at $11.24, marking a +0.45% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.72%. At the same time, the Dow lost 0.45%, and the tech-heavy Nasdaq lost 0.27%.
Prior to today's trading, shares of the real estate investment trust had lost 11.75% over the past month. This has lagged the Finance sector's loss of 7.06% and the S&P 500's loss of 9.06% in that time.
Investors will be hoping for strength from AGNC Investment as it approaches its next earnings release. In that report, analysts expect AGNC Investment to post earnings of $0.60 per share. This would mark a year-over-year decline of 20%. Our most recent consensus estimate is calling for quarterly revenue of $287 million, down 35.21% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.69 per share and revenue of $1.3 billion, which would represent changes of -10.93% and -27.1%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for AGNC Investment. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.37% lower within the past month. AGNC Investment is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note AGNC Investment's current valuation metrics, including its Forward P/E ratio of 4.16. Its industry sports an average Forward P/E of 8.89, so we one might conclude that AGNC Investment is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 160, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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